Ibrahim A. Kadoumi

. Participating & working closely with the Business Development  Department in feasibility studies of projects for fabrication and installation.
Master budget preparation, administration and control.
Financial projections for short, med and long-term based on company strategic objectives and business plan.
Initiate continuous improvement, analyzing inventory variances, researching root causes, and formulating recommendations to improve inventory accuracy.

• Pre-opening executive member for 298 rooms & suites, 5 F&B outlets and convention center.
• Assisting Executive Committee in annual budget preparation, working capital and five years plan.
• Assisting & reporting directly to GM Fairmont Riyadh in maintaining a healthy and professional relationship with owning company.
• Coordinate with Regional Office on monthly GM and financial reports.
• Coordinate with all operating departments to ensure all are adhere pre-opening budget guidelines and financial operations for pre opening phase.
• Coordination between owners, procurement consultant and operating departments in setting up OS&E, FF&E.
• Setting pre-opening manning requirements based on POB.
• Restructuring finance department of 27 members including Accounts, Payroll,  IT and Purchasing.
• Adhering & following up the best implementation of company P&P, and providing the ideal available contribution to fulfill colleagues goals.
• Participating & working closely with the director of revenue and director of sales to set appropriate strategies in place to achieve budgeted targets and attending weekly revenue meeting.
• Ensure all hotel management agreements are followed based on brand standards.

• Manage day to day financial operations and supervise all departmental staff.
• Ensure appropriate internal controls and financial procedures are implemented.
• Ensure timeliness, accuracy, and efficiency of financial and management reports for public and local authoritarians.
• Overseeing and ensuring the accuracy of monthly and annual financial statements.
• Manage company funds to the best interest of owning company and shareholders.
• Develop & monitor financial business plans and forecasts based on internal and external KPIs.
• Lead monthly finance update meetings with hotel’s general managers and hotel team.
• Managed and assisted in preparing the company for Initial Public Offering (IPO) and Rights Issues (RI) procedures. Coordinate with consultants and auditors relating to IPO&RI matters.
• Managing business relationships with assigned banks, clients, suppliers and affiliates for the smooth functioning of day to day activities.

• Identification, assessment, and prioritization of business risks based on their impact analysis.
• Planning and developing audit scope and audit programs.
• Execution of audit and field work and discuss findings with various level of executive management.
• Evaluate the adequacy & effectiveness of internal controls, develop recommendation for improvement of policies and procedures.
• Develop Internal audit charter including purpose, scope of work, authority, responsibilities, reporting, code of ethics and internal audit standards for numerous clients.
• Participating in developing and implementing of policies and procedures.
• Evaluate the adequacy of internal controls (COSO) and develop recommendations for improvement of policies and procedures.
• Develop a mutually beneficial and sustainable relationship with the client that services their requirements and being respectful for client culture and values.

• Manage all phases of audit engagements, including Planning, coordinating, scheduling, program execution and finalization of the audit.
• Understand the business processes, identify the risk involved in process, and identify compliance issues.
• Develop audit strategy and prepare audit programs.
• Ensure audit is performed as per the guidance and ensure that financial statements are in compliance with the reporting framework.
• Train and supervise staff on audit engagements.
• Communicate with clients and managers of audit progress, discuss audit issues, identified during the audit and communicate any matters arising during the audit for improving internal control or accounting system.
• Ensure that the deadlines are met for assignments handled and within the budgeted cost.
• Respond quickly in every circumstance to client/management needs and ensure that service and delivery exceeds client expectations.

• Bachelor Degree in Administrative & Financial Sciences, Amman-Jordan (1994-1999).

• Joined several specialized courses in the fields of accounting ,auditing and advisory services at the Middle East practice which was associated in Egypt, Bahrain, Jordan, UAE and Saudi Arabia.
• Foundation of Leadership.
• Amazing Race for Revenue.
• Revenue Maximization.
• Seven( 7 ) Habits.